Replies to post #3547 on GE Aerospace (GE)

[hopester]

$15+ billion in charges coming up does not reflect a strong balance sheet.
And we know their acquistion record. Buy Alstom at the top of the oil prices.
And the buybacks they announced is financial gimmickry to offset the losses in earning from their sale of most of their financial arm.
Without the buyback their next earnings report would drop by $.12-$.15/sh

Company needs organic growth and doesn't have it. That's why it is where it is and will stay where it is or if the market turns down you can bet GE will be the 1st to drop.
Immhelt had 10 yrs to prove himself . He failed to deliver and he needs to go.